The newsletter provides updates on economic news, SEBI/corporate updates, RBI/tax law updates, and market performance. Key points include the Finance Minister relaunching an investment scheme to double returns in 100 years, CBI filing charges in the Saradha scam against two businessmen, and the centre including GST compensation in the upcoming constitutional bill. Market indices such as Sensex and Nifty saw gains while silver and crude oil fell and gold rose.

1. PGC NEWSLETTER 1
PGC NEWSLETTER 18th November, 2014
THOUGHT OF THE DAY “The secret of getting ahead is getting started...” ECONOMIC NEWS
 FM to Relaunch Kisan Vikas Patra. Investment to Double in 100.
 Gujarat IAS Hasmukh Adhia nominated as RBI director.
 Memorandum to ICAI regarding Concern & Suggestion of Members on Statutory Bank Audits by SAVE CERTIFICATION RIGHT / TAR GROUP.
SEBI/CORPORATE UPDATES
 CBI files second chargesheet in Saradha scam. Two city-businessmen Sandhir Agarwal and his father, Sajjan Agarwal has also been named in the chargesheet.
 Centre to include GST compensation in Constitutional Bill. Finance Ministry has floated a draft Cabinet note on GST for inter ministerial consultations.
 SEBI to outline framework for promoter-to-public reclassification. Discussion paper likely to cover 3 scenarios where a change in categorization to public shareholders will be allowed.
 Financial Technologies (India) Limited, or FTIL, has decided to move the Supreme Court against commodities derivatives regulator Forward Markets Commission’s order declaring it not “fit and proper” to be a shareholder in any exchange.
 Time gap of 30 days isn't intended between book closure and record date for declaration of dividend, says SAT
RBI / TAX LAW UPDATES
 Circular No. 15/2014 F.No.133/50/2014-TPL dated 17th November,2014 issued by CBDT regarding Approval of long term bonds and rate of interest for the purpose of Section 194LC of the Income-tax Act, 1961.
 Circular No. 16/2014 F.No.142/14/2007-TPL(Part) dated 17th November,2014 issued by CBDT regarding Clarification in respect of Circular No.3 of 2008 dated 12/3/2008 of CBDT
 Circular No. 11/2014-Customs F.No.354/59/2014-TRU dated 14th November,2014 issued by (Department of Revenue), Tax Research Unit Regarding Method of calculation of safeguard duty leviable vide notification No.4/2012-Customs (SG) dated 05.10.2012 on import of Carbon Black under Advance Authorization Scheme.
 Notification No. 108/14-CUSTOMS (N. T.) Dated 14-11-2014 seeks to Amend Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001.
MARKET UPDATES SENSEX
28,239.1761.29 CNX NIFTY
8,440.9510.20 DOLLAR/ RUPEE
61.830.09. MCX SILVER 35,638.00-394.00 MCX GOLD 26,423.0093.00 MCX CRUDE OIL 4,669.007.00 Dow Jones Industrial average 17,647.7513.01 Nasdaq Composite 4,671.0017.54
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